[OPE-L] Robust correlations between prices and labour values

From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Wed May 03 2006 - 00:26:26 EDT

I recommend:
"Robust correlations between prices and labour values: a comment" by W.
Paul Cockshott and Allin Cottrell in Cambridge Journal of Economics
2005, 29, 309-316
"The paper addresses Kliman's criticisms of the observed correlations
prices and labour values. It argues that the notion of spurious
correlation is not
relevant in this case. It examines Kliman's own simulations and shows
that his
statistical correction techniques involve dividing through by the signal
to leave
the noise." (my emphasis)
It is clear like water to me.

Saludos a todos


Posgrado Facultad de Economía

Av. Universidad 3000 Circuito interior

México 04510, DF México

Tel. 55-56222148 fax 55-56222158

Página web: http://usuarios.lycos.es/vallebaeza

This archive was generated by hypermail 2.1.5 : Wed May 31 2006 - 00:00:03 EDT